Croatian industrial policy in the context of deindustrialisation

Figures & data

Table 1. Data description and sources.

Code	Variable	Source	Expected sign
EMPIS	Employment in industry (% of total employment)	Authors’ calculations according to data from SGJ, SLJRH, and publication „Employment and wages”	–
GDPPC	Gross domestic product per capita, thousand HRK	Authors’ calculations according to data from SLJRH 1992 & 1997 and First release No. 12.1.4., 2014	Negative
NLP	Unbalanced labour productivity growth (the value added growth per worker in the industry minus the value added growth per worker in services)	Authors’ calculations based on data on GDP and employment	Negative
GFCF	Gross fixed capital formation, thousand HRK	Authors’ calculations according to data from SGJ, SLJRH, and First release No. 12.2.1., 2013	Positive
TRADE	Export–import ratio	Authors’ calculations according to data from SGJ, SGH, SLJRH and CNB	Negative
CPI	The annual rate of inflation	Authors’ calculations according to data from SGJ, SGH and Economic indicators (CNB)	Positive
UNEMR	Share of unemployed in total population	Authors’ calculations according to data from the CES and CBS	Negative
DSOC	Dummy (binary) variable – it takes the value 1 for the period of socialism, and 0 for the transition period (after 1990)	Authors’ calculations	Positive

Note:

Statistical Yearbook of Yugoslavia (SGJ); Statistical Yearbook of the Republic of Croatia (SLJRH); Statistical Yearbook of the Federal Republic of Croatia (SGH); Croatian National Bank (CNB); Central Bureau of Statistics (CBS); Croatian Employment Service (CES).

Table 2. The results of multiple linear regression analysis of deindustrialisation in Croatia – Dependent variable: employment in industry (% share).

Dependent Variable: DEMPIS
Method: Least Squares
Sample (adjusted): 1962 2012
Included observations: 49 after adjustments
Variable	Coefficient	Std. Error	t-Statistic	Prob.
DLGDPPC	6.540529	1.910110	3.424164	0.0014^*
NLP	−15.54010	1.641377	−9.467718	0.0000^*
LGFCF	−0.034064	0.013301	−2.560990	0.0141^**
TRADE	0.002009	0.003679	0.546028	0.5879
CPI	−0.000815	0.000357	−2.285937	0.0274^**
DUNEMR	−0.426784	0.193224	−2.208753	0.0327^**
DSOC	0.399093	0.165107	2.417181	0.0201^**
R-squared	0.774805	Mean dependent var		−0.506070
Adjusted R-squared	0.742634	S.D. dependent var		0.930771
S.E. of regression	0.472192	Akaike info criterion		1.468701
Sum squared resid	9.364541	Schwarz criterion		1.738961
Log likelihood	−28.98318	Hannan-Quinn criter.		1.571238
Durbin-Watson stat	1.720606

Note:

^** and

^* indicate statistical significance at 1% and 5% level.

Source: Authors’ calculations.